Motivation and Rationale: The Foundation of CityDAO
Proposal Discussion: CIP-28 on Discourse
Details / Specification
- Create a new CityDAO Council that replaces the Core Team
- Staff the inaugural Council with 20 members:
- Anyone from the core team that wants to accept a temporary declaration of commitment
- Core team is currently 10 members
- Commitment declaration to be drafted separately
- 5 are elected immediately by Citizens
- All candidates must be CityDAO Citizens.
- Election will be coordinated by the Council to conclude in less than 30 days
- Remaining (after elections) are appointed by the Council at their discretion.
- Appointed members must be CityDAO Citizens (hold a Citizen NFT)
- The Council will have 30 days (after election) to
- Ratify the CityDAO Charter (previously referred to as the Constitution)
- Implement the DAO LLC Operating Agreement
- The Council will have the power to put the Charter and Operating Agreement into effect WITHOUT any further approval from Citizens.
- The inaugural Council will focus on nothing else until the Charter and Operating Agreement are in-place.
- The Council will have 30 days (after elections conclude) to ratify both a CityDAO Charter and DAO LLC Operating Agreement. If they fail to do this the Council will be automatically dissolved.
- Current multisig signers will NOT turn over or modify the multisig in any way until BOTH a CityDAO Charter and DAO LLC Operating Agreement are in place.
- Council positions will be limited in term with exact details to be part of the CityDAO Charter.
- If a council member leaves before the Charter and Operating Agreement are in effect an election will be held to replace them.